Representative Josh Gottheimer (D-New Jersey) recently bought shares of Shopify Inc. NYSE: SHOP. In a filing disclosed on December 05th, the Representative disclosed that they had bought between $1,001 and $15,000 in Shopify stock on November 13th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.
Representative Josh Gottheimer also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Regeneron Pharmaceuticals NASDAQ: REGN on 11/29/2024.
- Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 11/27/2024.
- Sold $1,001 - $15,000 in shares of Netflix NASDAQ: NFLX on 11/27/2024.
- Sold $1,001 - $15,000 in shares of Vertiv NYSE: VRT on 11/27/2024.
- Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 11/26/2024.
- Purchased $1,001 - $15,000 in shares of Dominion Energy NYSE: D on 11/26/2024.
- Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 11/26/2024.
- Sold $1,001 - $15,000 in shares of Eaton NYSE: ETN on 11/25/2024.
- Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 11/22/2024.
- Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 11/22/2024.
Shopify Trading Up 3.8 %
NYSE SHOP traded up $4.28 during trading on Friday, reaching $118.37. 10,136,356 shares of the stock traded hands, compared to its average volume of 11,923,693. Shopify Inc. has a fifty-two week low of $48.56 and a fifty-two week high of $120.72. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. The firm has a market cap of $152.95 billion, a price-to-earnings ratio of 110.63, a price-to-earnings-growth ratio of 2.97 and a beta of 2.46. The stock's 50-day moving average price is $92.58 and its 200 day moving average price is $75.91.
Analysts Set New Price Targets
SHOP has been the subject of several research analyst reports. Royal Bank of Canada boosted their price target on shares of Shopify from $100.00 to $130.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Loop Capital raised Shopify from a "hold" rating to a "buy" rating and boosted their target price for the company from $110.00 to $140.00 in a research note on Friday. JMP Securities reaffirmed a "market outperform" rating and set a $120.00 price target on shares of Shopify in a research report on Friday. Mizuho boosted their price objective on Shopify from $68.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Finally, Moffett Nathanson raised their target price on shares of Shopify from $86.00 to $99.00 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $98.08.
Check Out Our Latest Research Report on Shopify
Hedge Funds Weigh In On Shopify
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHOP. Oliver Lagore Vanvalin Investment Group grew its position in shares of Shopify by 100.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Cultivar Capital Inc. bought a new stake in Shopify in the 2nd quarter valued at $33,000. Hazlett Burt & Watson Inc. acquired a new position in Shopify in the 2nd quarter valued at $33,000. Brooklyn Investment Group bought a new position in Shopify during the 3rd quarter worth $33,000. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of Shopify by 41.3% during the third quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker's stock worth $36,000 after buying an additional 133 shares in the last quarter. 69.27% of the stock is owned by institutional investors.
About Representative Gottheimer
Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.
About Shopify
(
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Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.
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